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New research from Autonomous suggests there is reason to be optimistic that the current reinsurance cycle is “somewhat more rational” than previous reinsurance cycles, although terms and conditions will come under increasing pressure as 2026 progresses. Autonomous explains in a new report that reinsurance cycles are often determined by simple supply and demand dynamics, which…
Walter Voigts-von Foster has been appointed Chief Executive Officer (CEO) of Munich Re Africa, a role he will hold concurrently with his role as head of non-life insurance. “It is a privilege to lead such a fantastic team and I am excited about what we will continue to achieve together as we realize our future…
Global specialist broker Price Forbes has announced the launch of its cross-category following facility Lectio in Bermuda, expanding the facility’s premium coverage to approximately $1.3 billion. The facility will initially offer Bermuda property insurance, enabling Price Forbes Bermuda to automatically track pre-approved Bermuda property placements with leading insurance companies, with premium coverage estimated at approximately…
Global insurance and reinsurance brokerage group Aon has announced the appointment of Alexander Krasavin as regional managing director for Asia Pacific. In his new role, Krasavin will drive the integration of human capital solutions for Aon’s largest multinational clients in Asia Pacific, while continuing to support clients as a leader in enterprise accounts. He has…
Zurich-based catastrophe insurance data provider PERILS has revealed its second industry loss estimate for Australia’s east coast severe convective storm (SCS), which affected Queensland, New South Wales and Victoria between October 26 and November 1, 2025, costing the insurance market A$1.512 billion. In line with its Australian insurance coverage definitions, PERILS explained that this estimate…
Coalition, an aggressive insurance company focused on preventing digital risks, has launched a private equity business to help businesses manage cyber risks. This new cyber insurance solution was developed with a private equity-focused broker. Its custom design will help private equity firms, sponsors, general partners and their portfolio companies manage complex, fast-moving cyber risks from…
Hong Kong-based global reinsurer Peak Re has appointed Philip Hough as its new Chief Underwriting Officer (CUO), effective April 2, 2026. Hof will be based in Hong Kong and report directly to the reinsurer’s chief executive, Franz Joseph Hahn. In his new role, Hough will lead Peak Re’s property and casualty underwriting strategy and business…
Independent global insurance group MNK Group has announced the appointment of Daniel Ferguson to the newly created role of Group Financial Controller. In this role, Ferguson will establish a dedicated finance function designed to increase financial acumen, enhance market resiliency and enable continued growth. He will design and implement the capital infrastructure needed to support…
Gallagher President and CEO J. Patrick Gallagher predicted that the buyer’s market is expected to continue this year, and while some insurance companies are satisfied with the reinsurance programs they obtained during the January 1 renewal season, others are expected to seek additional protection later in 2026. Reinsurance broker Gallagher Re said risk-adjusted real estate…
Selective Insurance Group announced financial results for the fourth quarter of 2025, with net profit of $152.9 million, an increase of 64% from $93.2 million in the same period in 2024. Operating income improved during the quarter, rising 57% to $156.2 million, compared with $99.6 million in the fourth quarter of 2024, marking an efficient…